Friday, July 06, 2007

Under Armour

Well it looks like the UA rally yesterday was actually caused by private equity, not speculation.

From Barrons

LONE PINE CAPITAL HAS FOUND A SNUG fit in shares of Under Armour, a maker of performance apparel and accessories. The $8 billion hedge fund led by Stephen Mandel Jr. disclosed a 7.8% stake in Under Armour shares in a late Friday filing with the Securities and Exchange Commission.
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